Update on Post-Retirement Employment Restrictions

As of January 1, 2023, the waiver on post-retirement work has expired.  This means that all restrictions on earnings and hours worked by Superannuation retirees for a public employer, are back in effect.  Going forward, all Superannuation retirees who are working for a Massachusetts public entity should work with their employers to ensure that they do not exceed the limits on income or hours worked.

As a reminder, retirees are subject to two limits.  The first is that retirees may not work more than 1,200 hours in a calendar year.  The second is that the money earned from the public employer, when added to the retirement allowance cannot exceed the amount currently being paid for the position from which the retiree retired.  For retirees who have been retired for at least one full calendar year, an additional $15,000 is added to the maximum earnings limit.

For more information, please review the attached memo from the Public Employee Retirement Administration Commission.  If you have any questions about these limitations, please feel free to call the Retirement Office.